Posts By Paul Dunn
Location
Arizona
Phone: (520) 225-0380
Posts
Using an Arizona USDA Guaranteed Rural Home Loan allow you to buy a home in ANY County of Arizona with Zero Down payment. That means, the money you save on your down payment by using a USDA Rural Home Loan instead of conventional or FHA Home Loan financing will stay in your bank account, for [...]
You can refinance your Arizona FHA Mortgage Loan without an appraisal and without any credit or income re-qualifying what so ever. The AZ FHA Streamline Refinance takes the hassle out of getting a permanent interest rate reduction on your Arizona FHA Mortgage Loan. In the 1980’s HUD created a loan program designed to “streamline” the [...]
The Arizona FHA Mortgage Loan Limits have changed for 2009. In most cases the maximum FHA Mortgage Loan amount has dropped. If you are counting on a low down payment FHA Mortgage Loan, be sure and check the chart to have the confidence that your loan amount is within the Arizona FHA Mortgage Loan Limits [...]
Are Lower Rates On The Horizon? The FHA Streamline Refinance Rate Reduction is available to homeowner who currently have an existing FHA Mortgage Loan. Government has been under enormous pressure to stabilize home prices and prevent foreclosures. As a result the Feds have been injecting tons of liquidity into the Mortgage Backed Securities markets and [...]
Is your Arizona FHA Mortgage Loan stressing you out because you owe more than your house is worth? If you have an Arizona FHA Mortgage Loan and you’ve been trying to get an FHA Refinance with today’s HOT Mortgage Rates, but couldn’t because you’re upside down on your house; I have great news for you. [...]
Down Payment Assistance has been a big part of FHA Mortgage Loans for the last 10+ years for First Time Home Buyers. In October 2008 Congress eliminated the Down Payment Assistance Program eligibility for FHA Home Buyers. Good News for First Time Home Buyers! Rep. Al Green of AL will be introducing HR-600 on 1-21-09 [...]
Ssshhhhh! Have you read the 5 secrets to getting an FHA mortgage loan for home ownership published by HUD? There’s a secret out there about FHA mortgage loans that HUD wants you to know about. It’s so secret, that they published an informational brochure but didn’t tell anyone about it. The Secret Is OUT! That’s [...]
Just when you thought it was safe to go out and buy a new home HUD has changed the FHA mortgage rules with Mortgagee Letter 2008-25 which is a response to the “Walking Buyer” and “Buy and Bail” trends in Arizona as well as the rest of the country. A Walking Buyer (or Buy and [...]
WHAT IS AN FHA SHORT REFINANCE? An FHA Short Refinance is when a home owner refinances a loan where they owe more on their mortgage than their current mortgage is worth. FHA Short Refinance applicants are upside down on their equity, and so they need an FHA Short Refinance. The only way to refinance the [...]
It is truly amazing right now the number of homeowners who are upside down on their mortgages and could benefit from an FHA Short Refinance, if only they knew it existed. Every day I get calls from homeowners who owe $30,000 to well over $200,000 more than what their property is worth (this is one [...]
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